Latest Capitalism News

Patrick defends corporations and capitalism in primary bid

Nov. 19, 2019 12:39 AM EST

DES MOINES, Iowa (AP) — Democratic presidential candidate Deval Patrick is centering his fledgling campaign on a defense of corporations and capitalism that puts him directly at odds with some of the party’s most progressive figures. “There is a role in the economy for private equity. You bet...

Sanders says rival Warren is 'capitalist through her bones'

Oct. 12, 2019 8:38 PM EDT

WASHINGTON (AP) — Democratic presidential candidate Bernie Sanders says 2020 rival Elizabeth Warren is "a capitalist through her bones" while adding: "I'm not." Sanders made the comment in an interview for ABC's "This Week," highlighting a difference with Warren, who has been rising steadily in the polls,...

Author of Polish market reforms defends legacy amid backlash

Sep. 27, 2019 4:15 AM EDT

WARSAW, Poland (AP) — The radical free-market reforms that Leszek Balcerowicz designed for Poland three decades ago put the country on a path toward spectacular economic growth. Now the 72-year-old economist is having to defend that legacy. Rather than being universally hailed, Balcerowicz, who was the...

Sigmund Jaehn,1st German in space as 1970s cosmonaut, dies

Sep. 22, 2019 4:26 PM EDT

BERLIN (AP) — Sigmund Jaehn, who became the first German in space at the height of the Cold War during the 1970s and was promoted as a hero by communist authorities in East Germany, has died. He was 82. The German Aerospace Center said Sunday on its website that Jaehn died Saturday. The center did not give...